Vaneck Gold Miners Etf Performance
| GDX Etf | USD 44.50 0.66 1.46% |
The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Gold is expected to be smaller as well.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in VanEck Gold Miners are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of fairly sluggish fundamental indicators, VanEck Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.21 |
VanEck |
VanEck Gold Relative Risk vs. Return Landscape
If you would invest 3,441 in VanEck Gold Miners on December 22, 2024 and sell it today you would earn a total of 1,009 from holding VanEck Gold Miners or generate 29.32% return on investment over 90 days. VanEck Gold Miners is generating 0.4441% of daily returns assuming volatility of 1.7279% on return distribution over 90 days investment horizon. In other words, 15% of etfs are less volatile than VanEck, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
VanEck Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as VanEck Gold Miners, and traders can use it to determine the average amount a VanEck Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.257
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.73 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average VanEck Gold is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of VanEck Gold by adding it to a well-diversified portfolio.
VanEck Gold Fundamentals Growth
VanEck Etf prices reflect investors' perceptions of the future prospects and financial health of VanEck Gold, and VanEck Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on VanEck Etf performance.
| Price To Earning | 24.94 X | |||
| Price To Book | 1.27 X | |||
| Price To Sales | 2.24 X | |||
| Total Asset | 9.35 B | |||
About VanEck Gold Performance
Evaluating VanEck Gold's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if VanEck Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if VanEck Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Vaneck Gold is traded on NYSEARCA Exchange in the United States.| The fund retains 100.39% of its assets under management (AUM) in equities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Gold Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of VanEck Gold Miners is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Gold's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Gold's market value can be influenced by many factors that don't directly affect VanEck Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.